Vitals
  • Total Assets
    2.1B 2.4 %
  • Total Deposits
    1.5B -1.4 %
  • Total Net Loans
    1.5B 7.1 %
  • Net Income
    17.3M 20.6 %
  • Book Value
    173.6M 4.2 %
  • Book Value x2
    347.2M 4.2 %
  • Book Value x3
    520.8M 4.2 %
ROAA

.876

ROAE

10.047

Efficiency Ratio

63.406

Net Interest Margin

3.054

Balance Sheet Highlights
Financial Highlights Merchants Bank All Insured Commercial Banks in Vermont
Balance Sheet $(000)
Total Assets 2,073,017 648,794
Total Net Loans 1,501,533 463,383
Total Deposits 1,529,895 516,277
Total Equity 173,612 57,514
Profitability
Net Income 17,298 5,772
Return on Average Assets .876 .886
Return on Average Equity 10.047 9.667
Net Interest Margin 3.054 3.729
Efficiency Ratio 63.406 71.728
Noninterest Income/Revenue 17.323 22.603
Balance Sheet Ratios
Loan-to-Deposit 98.146 86.778
Securities/Assets .202 .19
Total Equity/Total Assets .084 .089
Tangible Equity/Tangible Assets .08 .083
Capital Adequacy
Tier 1 Common Capital 170,731 55,438
Tier 1 Capital 170,731 55,438
Tier 2 Capital 13,679 4,741
Total Capital 184,410 60,179
Total Risk Weighted Assets 1,245,635 415,994
Leverage Ratio 8.53 9.017
Common Equity Tier 1 Capital Ratio 13.71 13.669
Tier 1 Capital Ratio 13.71 13.669
Total Capital Ratio 14.8 14.839

Timeline for Merchants Bank

Nuvo Bank & Trust Company

Acquisition: Merchants Bank acquired a new subsidiary, Nuvo Bank & Trust Company, 8 years

View Profile Dec 05 2015

Pe 3 Housing Limited Partnership

Pe 3 Housing Limited Partnership became a new subsidiary organization for Merchants Bank.

View Profile Nov 17 2015

Green Mountain Housing Equity Fund Vii

Green Mountain Housing Equity Fund Vii became a new subsidiary organization for Merchants Bank.

View Profile Sep 17 2015

Green Mountain Housing Equity Fund Vi

Green Mountain Housing Equity Fund Vi became a new subsidiary organization for Merchants Bank.

View Profile Aug 15 2014

Bobbin Mill Limited Partnership

Bobbin Mill Limited Partnership became a new subsidiary organization for Merchants Bank.

View Profile Aug 07 2013

Want to see more?

Complete timeline for Merchants Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Nuvo Bank & Trust Company Seller 162,170 Acquisition Discontinued 12/5/2015
Merchants Trust Company Seller Pooling of Interests Discontinued 10/1/2009
New First National Bank Of Vermont, National Association Seller 246,275 Failure 6/5/1993
Sterling Trust Company Seller 32,238 Discontinued 4/1/1985
Catamount Bank Seller 48,183 Discontinued 12/30/1980
Merchants Properties, Inc. Seller Discontinued 6/30/1979
Batreal, Inc. Seller Discontinued 6/30/1979
Hardwick Trust Company Seller 7,558 Discontinued 3/5/1977
Northfield Trust Company Seller Discontinued 11/1/1971
Barre Trust Company Seller Discontinued 7/9/1970
First National Bank Of Bristol Seller Discontinued 9/10/1969
Relationships Role Relationship Start Relationship End
Merchants Bancshares, Inc. Parent 1/27/1984
General Educational Fund, Inc. Parent 12/31/1982 1/26/1984
General Educational Fund, Inc. Parent 12/31/1981 12/30/1982
General Educational Fund, Inc. Parent 7/31/1977 12/30/1981
General Educational Fund, Inc. Parent 12/31/1974 7/30/1977
General Educational Fund, Inc. Parent 12/31/1970 12/30/1974
Merchants Bank Foundation, Inc. Subsidary 9/11/1967
Clark & Canal Streets Limited Partnership Subsidary 6/5/2001
Western Avenue Housing Limited Partnership Subsidary 12/17/2002
64 School Street Limited Partnership Subsidary 11/5/2003
Peterson Place Housing Limited Partnership Subsidary 12/5/2003
Green Mountain Housing Equity Fund 2003 Limited Partnership Subsidary 12/29/2003
Colonial West Limited Partnership Subsidary 5/5/2004
Blake Commons Housing Limited Partnership Subsidary 8/5/2009
Green Mountain Housing Equity Fund Iv Limited Partnership Subsidary 10/30/2009
Mill Brook Allocated Housing Limited Partnership Subsidary 11/16/2009
River Bend Housing Associates, Lp Subsidary 9/28/2009
Green Mountai Housing Equity Fund 111 Limited Partnership Subsidary 8/27/2007
Green Mountain Housing Equity Fund V Lp Subsidary 11/30/2011
Spring Elliot Valgar Limited Partnership Subsidary 2/1/2011
Stanislaus Housing Limited Partnership Subsidary 3/29/2011
Merfarm & Co. Llc Subsidary 4/19/2012
Notch Investment Fund Llc Subsidary 2/22/2013
Bobbin Mill Limited Partnership Subsidary 8/7/2013
Green Mountain Housing Equity Fund Vi Subsidary 8/15/2014
Pe 3 Housing Limited Partnership Subsidary 11/17/2015
Green Mountain Housing Equity Fund Vii Subsidary 9/17/2015
Hillcrest Views Limited Partnership Subsidary 8/10/1989 10/28/2014
Bradford Housing Associates Subsidary 11/1/1994 10/1/2014
Westgate Allocated Housing Limited Partnership Subsidary 12/1/2003 10/1/2014
Whitcomb Woods Housing Limited Partnership Subsidary 1/8/2004 10/1/2014
1306 Spring Street Housing Limited Partnership Subsidary 2/19/1998 7/25/2013
Hedding Housing Limited Partnership Subsidary 4/22/1998 7/25/2013
Highland Hill Housing Lp Subsidary 7/17/1998 7/25/2013
North Bennington Arts Housing Limited Partnership Subsidary 12/4/1998 7/25/2013
Vergennes Housing Limited Partnership Subsidary 2/23/2000 7/25/2013
Mill View Housing Limited Partnership Subsidary 11/11/1999 7/25/2013
Bus Barns Bond Housing Limited Partnership Subsidary 5/18/2001 7/25/2013
Lime Kiln Bond Housing Limited Partnership Subsidary 7/25/2001 7/25/2013
Lime Kiln Allocated Housing Limited Partnership Subsidary 7/25/2001 7/25/2013
Anderson Ii Housing Limited Partnership Subsidary 2/27/2001 7/25/2013
Anderson I Housing Limited Partnership Subsidary 2/27/2001 7/25/2013
Bus Barns Allocated Housing Limited Partnership Subsidary 5/18/2001 7/25/2013
Maple Tree Housing Limited Partnership Subsidary 8/12/2002 7/25/2013
Allen Canal Housing Limited Partnership Subsidary 5/12/1999 12/30/2010
Howard Block Commercial Limited Partnership Subsidary 8/28/2003 12/30/2010
St. Johnsbury Housing Partnership Subsidary 6/5/1993 11/18/2009
Hardwick Housing Partnership Subsidary 2/28/1994 11/18/2009
Vermont Equity Fund I Subsidary 12/5/1988 10/31/2009
Merchants Trust Company Subsidary 1/1/1980 9/30/2009
Enosburg Housing Partnership Subsidary 10/5/1988 12/31/2007
Middlebury Housing Associates Limited Partnership Subsidary 10/14/1990 12/31/2007
Marble And Smith Limited Partnership Subsidary 8/4/2000 12/31/2007
Whitney Hill Homestead Limited Partnership Subsidary 12/16/1991 2/28/2007
Winchester Associates Subsidary 6/22/1989 12/31/2006
Mountain View Housing Limited Partnership Subsidary 6/5/1993 12/31/2006
Genest Limited Partnership Subsidary 12/31/1991 12/31/1997
Queneska Capital Corporation Subsidary 4/8/1988 12/26/1997
Merchants Trust Company Subsidary 8/30/1968 12/31/1979
Merchants Properties, Inc. Subsidary 7/23/1958 6/29/1979
Batreal, Inc. Subsidary 7/8/1970 6/29/1979
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